Both Rupert Murdoch and Lachlan Murdoch will take home quite a bit less in compensation than they did last year, reflecting the completion of the spin-off to Disney, and the skinnier Fox Corp. portfolio of companies.
According to a proxy filing the company filed to the SEC Monday, Fox Corp. chairman Rupert Murdoch will see total compensation of $42.1 million in fiscal 2019, down from $49.2 million in 2018.
However, due to the extraordinarily unusual year, which saw Disney close its acquisition of much of 21st Century Fox, the filing added a chart showing the compensation Fox “would expect to pay its named executive officers on a go-forward basis.” In other words, the compensation shareholders should expect the executive officers to earn assuming there are no other extraordinary transactions.
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